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Atmel Not Doing So Well

We are downgrading Atmel to Sector Perform from Outperform given concerns surrounding PC-touch adoption.

As attach rates for touch PCs in 2014 continue to grow at a more modest rate, we see limited growth opportunities for Atmel's (ticker: ATML) maXTouch revenue in 2014. While we still see meaningful opportunities for XSense growth, a more cautious...